🚛 Can You Get Horse Float Finance With a Seasonal Job?
Yes! Some lenders approve loans for seasonal workers, but they assess risk based on:
✅ How long you've been in seasonal work
✅ Whether you have additional income (e.g., side business, casual work)
✅ Your savings and deposit amount
✅ Loan type (secured loans are easier to get approved for)
💡 Tip: If your income fluctuates, showing consistent work history over multiple seasons can strengthen your application.
🏦 How This Rural Horse Owner Got Approved With Seasonal Income
A horse owner working as a fruit picker in rural Australia wanted to finance a horse float but had no permanent employment. They secured finance by:
| 🔑 Strategy | ✅ How It Helped |
|---|---|
| 📑 Applying for a secured loan | The horse float was used as collateral, reducing lender risk |
| 🚛 Providing a 20% deposit | Showed financial commitment and reduced loan amount |
| 💰 Showing past income records | Bank statements and tax returns proved stable seasonal earnings |
| 📆 Adding a co-applicant | A spouse with a part-time job helped strengthen the application |
💡 Tip: If your job is seasonal, having a co-applicant with stable income can improve approval chances.
📋 How to Improve Loan Approval Chances With a Seasonal Job
Lenders prefer borrowers with stable income, but these strategies can help seasonal workers get approved:
| 🔑 Strategy | ✅ How It Helps |
|---|---|
| 📑 Apply for a Secured Loan | Using a horse float or another asset as security lowers lender risk |
| 🚛 Save for a Larger Deposit | A 10-20% deposit shows financial responsibility |
| 💰 Provide Income Proof | Tax returns and bank statements prove stable seasonal earnings |
| 📆 Add a Co-Applicant | Partnering with someone who has stable income strengthens the application |
| 📉 Choose a Flexible Loan Term | Opting for longer repayment periods reduces monthly financial strain |
💡 Tip: If you have savings to cover loan repayments during off-season months, lenders may be more willing to approve your application.
🏆 Best Loan Options for Seasonal Workers
Different loan types cater to borrowers with seasonal income. Here are the best options:
| 🔑 Loan Type | ✅ Best For | 📉 Interest Rate (Typical) |
|---|---|---|
| 🚛 Secured Loan | Seasonal workers with a deposit or collateral | 5–12% p.a.* |
| 💰 Low-Doc Loan | Self-employed seasonal workers with fluctuating income | 7–15% p.a.* |
| 📆 Guarantor Loan | Applicants with low income but a co-signer | 6–10% p.a.* |
| 📉 Personal Loan (Unsecured) | Workers with strong seasonal earnings history | 10–20% p.a.* |
💡 Tip: A secured loan is often the best option for seasonal workers as it offers lower interest rates.
(*Rates vary based on lender and credit profile.)
💳 Why a Finance Broker Can Help Seasonal Workers Get Approved
A finance broker can:
✅ Find lenders that accept seasonal income
✅ Compare loans to find the best rates for fluctuating earnings
✅ Help structure your loan repayments to match your work schedule
🔑 Final Thoughts
Getting horse float finance with a seasonal job is possible if you can prove stable earnings, save for a deposit, or add a co-applicant. Working with a broker and choosing a secured loan can increase your approval chances.
🚀 Need horse float finance as a seasonal worker? Get expert advice today!
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
